Apple, Yahoo!, and Abercrombie & Fitch Among the Market's Big Movers Today

Major indexes jump after consumer confidence increases.

Jan 28, 2014 at 10:00PM

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

The major U.S. indexes all finished today higher, after declining over the five previous sessions. The Dow Jones Industrial Average edged higher by 90 points, or 0.57%, while the S&P 500 rose 0.61% and the Nasdaq increased by 0.35%.

The move upward today was likely due to a better-than-expected consumer-confidence report from the Conference Board. The 80.7 figure easily beat the expected 78.1.   

One big winner among individual stocks was teen retailer Abercrombie & Fitch (NYSE:ANF), which rose 4.8% after the company announced that CEO Mike Jeffries will no longer be the company's chairman. The board has taken a lot of heat over the past few months about the stock's performance and the possible need for a new direction. To get customers back in the stores, many critics think the company needs to focus more on merchandise quality rather than on marketing and promotions. Jeffries has led the company since the days when it was a failing sports-brand retailer, and while he's certainly done a good job overall since his tenure began in 1989, there are those who think his time has come and gone and that he should have lost the CEO post as well. I have to agree.  

Among the market's losers, Apple (NASDAQ:AAPL) absolutely tanked today. Shares fell 7.99%, or $44, after the company reported earnings on Monday after the closing bell. Revenue of $57.6 billion for the first quarter was a mark no other technology company has ever reached, and sales rose 6% over last year's comparable quarter, but the only reason earnings per share rose for the first time in five quarters was a result of the company's share-buyback plan. That's not something we'd expect from a growth stock, and many investors are concerned that Apple is no longer a good investment.  

Finally, one stock that felt both some highs and lows today was Yahoo! (NASDAQ:YHOO), which closed with a 4.28% gain but fell 2.43% in the after-hours trading session following the company's quarterly earnings release. Online ad prices dropped again during the quarter, and Chinese e-commerce company Alibaba -- which Yahoo! owns a large stake in -- suffered a revenue slowdown for the period. Even worse, Yahoo!'s revenue dropped 6%, which extends the company's revenue decline into four consecutive quarters. Some investors are asking how long CEO Marissa Mayer will remain at the helm. Mayer, who's headed the company for 18 months, said she plans to focus more on the advertising side of the business in 2014, but analysts are doubtful that the company can adequately compete in that market, as it seems more and more technology start-ups are shooting for those ad dollars every day.

There's no denying it: Technological innovation is the future
There are few things that Bill Gates fears. Cloud computing is one of them. It's a radical shift in technology that has early investors getting filthy rich, and we want you to join them. That's why we are highlighting three companies that could make investors like you rich. You've likely only heard of one of them, so be sure to click here to watch this shocking video presentation!

Matt Thalman owns shares of Apple. The Motley Fool recommends Apple and Yahoo! and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.

Compare Brokers